Assistant Vice President, Loan Operations (Multiple Opportunities)

The Citco Group Limited; Malvern (Chester County); On-site; USD 76,000 - 100,000; Full time

Benefits offered by this job

Medical coverage

Dental coverage

Vision coverage

Retirement savings plan

Tuition reimbursement

Mental health support

Parental leave

Job summary

A leading asset servicing provider in Chester County is seeking a Loan Administration Manager to oversee daily operations of debt portfolios, ensuring timely and accurate client deliverables. The ideal candidate will have at least 5-8 years of experience in loan administration, including 2 years in a management role, and possess strong analytical and communication skills. A comprehensive benefits package is provided, along with a competitive salary ranging from $76,000 to $100,000.

Qualifications

• Minimum of 5-8 years’ experience in loan administration.
• At least 2 years of people management experience.
• Strong computer skills, particularly with Excel and Word.

Responsibilities

• Manage daily operations of debt portfolios.
• Ensure client deliverables are met accurately.
• Oversee accurate processing of loan activity.

Skills

Analytical skills

Problem solving

Communication skills

Attention to detail

Team player

Education

Bachelor’s Degree in Finance, Accounting, or Economics

Tools

Excel

Word

Job description

Overview

The market leader. The premier provider. The best in the business. At Citco, we’ve been the front-runner in our field since our incorporation in 1948 led to the evolution of the asset servicing sector itself. This pioneering spirit continues to guide us today as we innovate and expand, push beyond the boundaries of our industry, and shape its future. From working exclusively with hedge funds to serving all alternatives, corporations and private clients, our organization has grown immensely across asset classes and geographies. For us, this progress is a pattern that we’ll only maintain as we move forward, always prioritizing our performance. So for those who want to play at the top of their game and be at the vanguard of their space, we say: Welcome to Citco.

About Citco The market leader. The premier provider. The best in the business. At Citco, we’ve been the front-runner in our field since our incorporation in 1948 led to the evolution of the asset servicing sector itself. This pioneering spirit continues to guide us today as we innovate and expand, push beyond the boundaries of our industry, and shape its future. From working exclusively with hedge funds to serving all alternatives, corporations and private clients, our organization has grown immensely across asset classes and geographies. For us, this progress is a pattern that we’ll only maintain as we move forward, always prioritizing our performance. So for those who want to play at the top of their game and be at the vanguard of their space, we say: Welcome to Citco.

About the Team & Business Line
Fund Administration is Citco’s core business, and our alternative asset and accounting service is one of the industry’s most respected. Our continuous investment in learning and technology solutions means our people are equipped to deliver a seamless client experience.

Responsibilities

• Manage daily operations of syndicated and/or private debt portfolios, including direct lending, middle market credit and real estate debt transactions
• Ensure client deliverables are met timely and accurately
• Oversee and monitor accurate processing of loan lifecycle activity
• Manage a team of approximately 2-3 analysts/associates
• Review credit agreements and other loan documentation to ensure proper setup and processing in the loan system
• Maintain daily work-flow while adhering to set deadlines
• Identify and investigate accrual, position, and cash breaks to Loan Servicers and Agents
• Interact effectively with internal departments to resolve issues pertaining to loans
• Actively work with multiple departments across the firm to drive results and deliverables
• Contribute to implementation of procedural enhancements to improve daily tasks and reconciliation processes

Qualifications

• Bachelor’s Degree in Finance, Accounting, Economics or other related subject with a minimum of 5-8 years’ experience in loan administration
• Minimum of 2 years of people management experience
• Product Knowledge: Syndicated Loans, Bi-lateral Loans, Direct Lending, Whole Loans, Structured Credit, Commercial and Industrial Loans, Middle Market Credit, Real Estate loans, Asset Backed Credit
• Strong analytical and problem solving skills, attention to detail
• Committed team player with excellent communication and interpersonal skills
• Detail focused with the ability to multi-task
• Self-started, takes initiative
• Ability to learn new applications and source information from numerous systems
• Ability to work effectively in a team environment
• Ability to organize and prioritize tasks, and to work in a deadline-focused organization
• Flexible, adaptive, professional style – capable of working in a fast paced, dynamic environment
• Strong computer skills, in particular with Excel and Word, and aptitude to learn new skills

Salary Range

$76,000 - 100,000

Our Benefits

Your well-being is of paramount importance and central to our success here at Citco. Citco offers a comprehensive and competitive total rewards package to support your career success and personal needs. Your base salary will be determined by several factors such as the role, experience, skillset, market conditions, etc. Furthermore, qualifying positions can participate in an annual discretionary bonus pool based on company profitability and individual contributions. Our comprehensive benefits package includes medical, dental, and vision coverage, short and long-term disability benefits, a retirement savings plan, tuition reimbursement, mental health and wellness support, parental leave, and more. Additional details about our total rewards package will be shared during the hiring process.

At Citco, we take pride in fostering an inclusive culture by prioritizing the hiring of people from diverse backgrounds. Our culture is a source of pride and strength, fostering innovation, mutual respect, and collaboration. We warmly welcome and encourage applications from people with disabilities. If you require any accommodations to make our recruitment process more accessible for you, please let your recruiter know.

As an equal opportunity employer, Citco adheres to making all employment and personnel decisions without discriminating based on race, color, creed, religion, sex, physical disability, mental disability, age, marital status, sexual orientation, citizenship status, national or ethnic origin, or any other protected status. We believe that an inclusive workforce not only enriches our company but also drives us towards greater success.

Please note that this job description is not intended to be all-inclusive. Our employees may perform other job-related duties as needed to meet the ongoing needs of our organization.